VGUARD is a fundamentally strong company. It has come out of a 4 year long consolidation in range and has given a breakout with retesting completed.
Currently the price lacks momentum however, current structure is very bullish and can easily resume moving upwards during next week.
VGUARD has almost 2X twice after giving similar breakouts. See below...
IF TOMORROW MARKET OPEN AT A GIVEN PRICE AND THEN GO LONG UPTO 918,920,923
SL :- 885
TARGET :- 918,920,923
Only For Educational Purpose
Before Taking any decision do concern your financial advisor
This Analysis Based on Price Action
The stock is on the verge of breaking its previous high and looks good to buy for a 6-12% profit.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
Pricol Limited is engaged in the business of manufacturing and selling of instrument clusters and other allied automobile components to OEMs and replacement markets. Presently, the company operates 9 manufacturing facilities across India and 1 in Indonesia. The company has high concentration in 2W industry as it derives ~70% of revenues from this segment alone....
At import junction. Its previous resistance zone from 2018 levels and now the stock is challenging it.
Comparative Relative Strength (CRS) against Nifty 100 NSE:NIFTY100EQUALWEIGHT is showing outperformance.
Trending Moving average.
Today Volume Expansion seen above average with Wide range candle on Daily,
ZEE ENTERTAINMENT LOOKS GOOD BUY IF CLOSES WEEKLY CANDEL ABOVE 261. STOCK WAS IN A DOWNTREND SINCE 2018 FINALLY A BREAKOUT AND A CONSOLIDATION EXPECTING GOOD RETURNS IN FEW YEARS . TARGET OF 600 CAN BE ACHIEVED WITHIN TWO TO THREE YEARS. PLEASE LET ME KNOW HOW WAS THE ANALYSIS:)
Timeframe: 30-60 days
Reasons to Buy:
1. Support at 61.8% Fibonacci Level, for the second time.
2. Support at the bottom of trendline.
3. Monthly and Weekly RSI are above 60, with strong uptrend.
4. Low Risk, High Reward.
Let me know your thoughts!
Why was it selected❓
🔹Company is almost debt free.
🔹Technically looks good
🔹Dont know about funda.
👉Entry possible,but it’s not a buy recommendation.Study well🙏
ABOUT THE COMPANY🍂
KRBL is worlds leading basmati rice producer and has fully integrated operations in every aspect of basmati value chain, right from seed development, contract farming, procurement...